Macroclimate® 50

Public Company Owners of Coal-Fired Power Plants

New to Fossil Free Funds - screen your funds for 50 of the largest owners of coal-fired power plants, using data compiled by Macroclimate®.

Coal is among the largest sources of global warming pollution in the world. Obtaining it destroys mountains, burning it releases hazardous emissions, and disposing of it results in hazardous toxic waste. Coal is scorching the planet and leaving a legacy of devastation in its wake.

That’s why we partnered with Macroclimate® to screen mutual funds for the Macroclimate® 50 – an exclusion list of the 50 largest public-company owners of coal-fired power plants in Developed Markets plus China and India.

Macroclimate® compiled the list of 50 companies using open-source data on coal-fired power plants worldwide. These companies are emitting massive amounts of CO2 and fueling climate change - and given coal’s volatility and unsustainable business model, it is becoming an increasingly risky investment.

Coal-fired power plant

Climate experts: The #1 problem is coal power

A majority of expert panelists (64%) believe that retiring (or sequestering) coal-fired power plants would be the single most effective use of major investments to limit global warming and the vast majority (84%) expect that coal-fired power plants alone will contribute between 25% and 60% or more of gross carbon emissions to the atmosphere between now and 2020. This is due in large part to the proliferation of new coal plants in China and, to a lesser extent, in India. China and India already comprise almost 1/3 (13) of the Macroclimate® 50 companies.

Methodology

The Global Energy Observatory (GEO) – an open source project conceived and developed by scientists and engineers at the Los Alamos National Laboratory – provides a comprehensive frequently-updated database on the name, location, owners, operators, energy capacity (MWe) and status of coal-fired power plants worldwide.

Macroclimate® periodically compiles extracts from the GEO database, associates owners of the largest operating plants in the relevant geographic areas with their respective publicly-traded companies, and then ranks these companies by their total coal-fired energy capacity (MWe).

Coal extraction